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301 Richard Road, Forked River, NJ, 08731

5beds
3baths
2,334sqft
$699,900
$300price/sqft
$5,326/moest. monthly cost
$213,040/yrincome needed

About This Home

Wake up to stunning water views from this spacious 5-bedroom, 3-bath waterfront home in the heart of Forked River. Grand windows fill the open living spaces with natural light while showcasing the beauty of lagoon living. Features include a versatile loft/office space, laundry room, two attics, and abundant storage throughout. The primary suite offers French doors leading to a private deck where you can enjoy spectacular sunrises over the water. Outside, enjoy two docks, a well-maintained bulkhead, and ample parking for cars, RVs, and boats. Conveniently located within walking distance to shopping and just a short boat ride to local dock-and-dine restaurants and tiki bars. Minutes from Bayfront Park playgrounds, and all the best of Jersey Shore waterfront living.

Getting Around

27
WalkingCar-Dependent
0
TransitVery Limited Transit
38
BikeSomewhat Bikeable

Schools

4/10
5/10
Lacey Twp Middle SchoolGrades 6-82.3 mi
4/10
Lacey Twp High SchoolGrades 9-122.5 mi

Construction

Condition

  • Year built: 1970

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Basement

  • Basement: Crawl Space

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Ceilings - 9Ft+ 1st Flr,Recessed Lighting
  • Window features: Thermal Window
  • Flooring: Ceramic Tile,Other
  • Attic: Attic,Pull Down Stairs

Heating & Cooling

  • Heating features: Natural Gas,Forced Air,2 Zoned Heat
  • Cooling features: Central Air,2 Zoned AC

Interior Area

  • Total structure area: 2,334
  • Total interior livable area: 2,334 sqft

Property

Details

  • Parcel number: 1300219000000051
  • Zoning description: Residential
  • Exclusions: Personal property

Features

  • Stories: 2
  • Exterior features: Lighting
  • Has view: Yes
  • View description: River
  • Has water view: Yes
  • Water view: River
  • On waterfront: Yes
  • Waterfront features: Bulkhead,Lagoon

Lot

  • Lot size: 8,712 sqft
  • Features: Corner Lot
  • Lot size dimensions: 115

Parking

  • Parking features: Driveway,None
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Strong Wind
Inland Flooding
Winter Weather
Tsunami

FEMA Declared Disasters Across New Jersey Counties

Fire

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,539$42,468
Home Insurance *$273$3,276
Property Taxes $1,257$15,084
Electricity $257$3,087
Total$5,326$63,912
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$182,605/yr
40% on housing$159,780/yr
45% on housing$142,026/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.2%
7.2%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -2.1%
-2.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$300This listing

vs Other Active Listings

Avg $/sqft

ZIP 08731$297
Ocean County$354

vs Homes Sold Last Month

Median $/sqft

ZIP 08731$315
Ocean County$302

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-11Listed for sale$699,900
2026-07-10Listing removed$724,900
2026-06-13Listed for sale$724,900
2007-05-24Sold$375,000
2000-07-21Sold$164,000

For Sale by Agent

AgentJeffrey G Ascough
BrokerageDaunno Realty Services

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